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it's now clear big decisions will have to be made soon. >> by putting social security "on the table," the president is sort of calling the g.o.p. bluff. "okay, here is social security. i've told you medicare will be on the table. are you willing to put revenue increases on the table?" >> the white house believes a $4 trillion agreement is within reach. whether it can be reached will become much clearer this weekend. darren gersh, "nightly business report," washington. california is making progress on its rating. standard and poors today raised its outlook for the golden state from negative to stable. the reason, california was able to pass its budget on time, closing what was once a $27 billion gap. here are the stories in tonight's "n.b.r. newswheel." two encouraging reports about the job market-- payroll processing firm adp says, by its count, american businesses added 157,000 jobs in june. economists were expecting many fewer. that's encouraging for an upside surprise when the labor department reports june job numbers tomorrow. also, fewer people filed for unemployment benefits l
," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j
>> i am still pushing for us to achieve a big deal. >> without serious spending cuts, without real reform of our entitlement programs, this problem is not going to be solved. >> susie: republicans and democrats hold closed-door meetings, but not with each other, as both sides maintain a hardline stance on debt ceiling talks. >> tom: the white house deadline for a deal is one week away. the pressure is building as a warning is issued for life insurers holding government bonds. it's "nightly business report" for friday, july 15. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. just one more week until an important deadline, july 22. tom, that's the date when president obama wants a debt- ceiling deal in hand. >> tom: susie, an agreement by a week from tonight gives lawmakers time to write and vote on new legislation before the august 2 deadline. >> susie: it looks like
to more than two or three people. if you are talking to an audience, a big audience in a theater or a movie audience, but with television, if there are more than two or three people in the room, they're talking to each other, they're not listening to you. that camera lens became sitting and like talking to you. that is what i loved about it. tavis: there is some much stuff in this book, and there are several things i found fascinating and funny. fascinating, you apparently love crossword puzzles. >> absolutely addicted. i carry them around my purse. i am stuck on the one, the car driving me here, about halfway through but i did not finish. i said i will finish on the way back. tavis: how did you develop a love for the crosswords? >> i don't know, i love words. i am not into numbers that much, and there are people looked on that, but crossword puzzles. if i get a puppy and a paper trained him, all of a sudden i would open the paper and would be a cross word, no, you cannot go on that. tavis: are you pretty good a crossword puzzles? >> i am not a wizard, but i do them so much, pret
, the risk of a u.s. default is also a big worry for many older americans. they're conditioned about their monthly social security payments. now we placed several unanswered calls expecting social security checks on august 3. an additional 27 million beneficiaries expect payments later in the month. we caught up with a couple of them to see what's on their minds. >> it's a scare tactic. i mean because there's so many other things that they can stop before they stop social security checks. >> whether it is the republicans or democrats win this game, you have to remember next year is an election year again. so they're posturing themselves. and they're playing a game that is kind of tough. but again they have to get something passed sooner or later. >> susie: so far, the treasury has not provided details on how the government will decide which bills to pay if the borrowing limit is not raised. executives from the country's biggest banks met today with treasury officials in new york ahead of tuesday's deadline. they discussed how debt auctions would be handled if congress fails to raise
wantsto be speaker. his life. e highest priorit9 in he's achieved it. the other big difference john boehner was once a committee chairman. he pushed legisla$ion throughl he knows how to make deals@at the coittee levels and he believes in the houseworkiwn. righting legislation in the hands of a tight-knit group of peoplea"ound the speake dennis hastert ntued that, nancy pelosi continued that. john boehner is unwinding that concentration of power, making the house a@differt place. >>i think he's got a ot. >> at @@becoming the president? >> yes. >> i don't see that, john. >> just thk about it. >> i just think there are other people are. >> his brand ofrepublicanism would carry. >> but i n't think has the@ -- either the bition or personality@todo that. >> he likes golf too ch! go on campaign trails. >> what about eisenhowe"? eisenhower liked golf a lot >> exit @@estion,@s hn boehner brout civili back to congress, yes or no?@ >> i think to a great @@extent. he is morealmer, asonable, rational guy. he done a good job dog that. >> he's la back, but he's representing a republican caulk tha
struggling. on top of the eurozone is a big market for u.s. multinational firms. so, it's no wonder that economist bruce kasman says it's really bad timing for a rate hike in europe. >> the euro area as a region delivers less in terms of growth as it could in helping the global economy, and then finally it adds risks and vulnerabilities to the really tough adjustments going on in greece and other peripheral countries right now. to be sure, a quarter of a percentage point increase in european rates tomorrow is likely to have only a nominal effect on u.s. growth. the concern is that the european central bank will proceed down a path of tighter monetary policy. >> the step that will be taken tomorrow by itself is not that big a deal, but the signal, if it gets realized in terms of further movements over the next six to 12 months, could have an impact in making it a little harder for the u.s. to get growth than it otherwise would. >> reporter: the good news is that buyers of u.s. stocks don't appear to be troubled by higher interest rates in other areas of the world. equity strategist a
of either of our two parties right now. and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are willing to pay for, and so there has to be a gigantic education campaign to go under that. and then the second thing i would add, and tom talked about a hybrid politics, i uld say we'vead it. and we just have to rediscover it. and i go back perpeally to my hero alex aner hamilton who created this hrid politics it was not -- he got us out of the big government versus small government debat he stood for lited b energetic government to enhance social mobility. so people in the hamiltonian practise decision which include the wig party and the lincoln an republican party at the
opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars without increased tax revenue or any medicare and medicaid cu
. even american banks have almost $300 billion. is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte. but the decree for a large austerity plan was already passed. and it was because of this fight that the markets feared that maybe this decree was not going to be approved by parliament. today the situation has been clarified. by friday this package will be passed and, you know, italy is going to go on by adopting this plan and by 2014 it will have a balanced budget which is going to be quite an enviable situation if all of this will go according to plan. >> suarez: professor rogoff, the news of the austerity plan seemed to have calmed really jittery mar
and protecting itself. >> to which one answer might be "so why is it so big?" i mean, it is a vast territorial power which has, of course, significant ethnic minorities. they have large territories. >> rose: so you're suggesting that there is a history of chinese imperialism and any other historian who suggests that... >> no, no. i think that henry kissinger is clearly right. that it is not an eansionist power inhe sense thatfor exame, russia was. expanding constantly but i think... >> rose: and certain after the war. >> but i think that what you see already is a chinese strategic doctrine and kissinger, i think, would not dispute this which stakes an ambitious claim to a spheref influence as we rightly said and that would provoke conflict so i i think we're entering very very difficult times >> rose: well, your oxford colleague neil ferguson suggests that nationalistic forces will overwhelm and that there will be a conflict between... in some way between the united states and china. >> well any historian who has looked at the history of the rise and fall of great powers would say such shifts
for the auto industry. we examine the new round of labor talks between the u.a.w. and detroit's big three. >> ifill: ray suarez gets an update on the turmoil in libya. >> brown: and we close with a paul solman story about a convicted murderer and middle school dropout who now makes $80,000 a year after completing college while behind bars. >> these are my dreams. i fit in right here, but this is what i'm looking at, this is where i want to be, this is where i can be, this is where i deserve to be. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> i mean, where would we be without small businesses? >> we need small businesses. >> they're the ones that help drive growth. >> like electricians, mechanics, carpenters. >> they strengthen our communities. >> every year, chevron spends billions with small businesses. that goes right to the heart of local communities, providing jobs, keeping people at work. they depend on us. >> the economy depends on them. >> and we depend on them. and by the alfred p. sloan foundation. supporting scie
, with the big board trading over one billion shares, nasdaq volume 2.4 billion. the economy worsened in about half the country in recent weeks due to weak home sales and signs of a slowdown in manufacturing. a federal reserve survey out today shows seven of the fed's 12 bank regions reported slower growth. and in another sign of new weakness in the economy, the commerce department says there were fewer orders of aircraft, autos, heavy machinery and computers last month. orders for durable goods fell by 2%. >> reporter: i'm diane eastabrook in orion township, michigan. still ahead, i'll tell you how general motors plans to make money selling this small car with help from the u.a.w. >> susie: can you say $1,630 an ounce? that's the new record for gold prices set today, before the precious metals encountered selling. in new york trading, gold futures lost $2 to settle at $1,617 an ounce. but, as suzanne pratt reports, gold prices could continue to shine on. >> reporter: at morningstar's jewelers and pawnbrokers in hollywood, florida, business is sparkling. but, it's business from customers looki
was the big question. it was cleveland himself who recommended going on a boat. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> well, the best companies are driven by new ideas. >> our history depends on new ideas. we spend billions on advanced technologies. >> it's all about investing in the future. >> we can find new energy-- more cleaner, safer and smarter. >> collaborating with the best in the field. >> chevron works with the smartest people at leading universities and tech companies. >> and yet, it's really basic. >> it's paying off everyday. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: senate democrats vowed to stay in session around the clock to resolve the debt crisis. house republicans modified their plan
, materials. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: high-level democrats and republicans alike said today's meeting at the white house marked the beginning of the end game in reaching a final deal on deficit reduction. the president and congressional leaders convened in the white house cabinet room, amid talk of a grand bargain involving social security, medicare and tax reform. when it was over, mr. obama made an unscheduled appearance in the briefing room. >> i thought it was a very constructive meeting. people were frank. we discussed the various options available to us. everybody re-confirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and
a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the debt ceiling deadlock in washington led to increasingly urgent appeals for action today. but even as talks resumed, white house officials warned not to expect a hallelujah moment. fresh alarms sounded on wall street and around the world today about the consequences of a potential u.s. government default. standard & poors joined moody's in warning the country's credit rating could be downgraded, if the government tries to pay just the interest on its debt. and china said it hopes the u.s. adopts responsible policies. the chinese hold more than $1 trillion in u.s. debt, more than any other foreign creditor. at a senate hearing, federal reserve chairman ben bernanke-- t
we have a small wall and we're gradually moving to a big wall. and we'l graduly see one brick after another. it's hard work. it's partly imagination, a lot of it is perspation. i mean aot of it is just real grind in the laboratory. it needs money it needs resource. it needs focus d i ink there's many really good people including some at my own institution rockefeller university who are doing excellent work in this area. >> where are we in terms of are reaping t benefits of the map of the human again ly. >> switch to the genome. >> yes. what i can say about that. the first thing is some people have been a little disappointed because they felt you know we got the genome that was nearly the end of the story. >> dow understand their disappointment. >> i understand this because in fact we should have made it clear as scientists is actually the beginning of the story. i have a metaphor for this. if you were writing a play, the sequence of the genome is like having the list of characters at the beginning of the play. and the job, you can't write the play without the list of characters, tha
need to budge. >> it probably looks like a big boxing match to them. i don't know. maybe they're sick of both parties. all i can tell you is the republicans are the only folks up here that are trying to act serious and put forth something serious. this president hasn't been serious. he created this mess to a large degree and now he's asking for help in the 11th hour. we will help him, but he's got to work with us to change the way this town does business. >> congressman joe walsh, thank you for joining us. we will be watching closely. >> wonderful to be with you. >> you're watching "bbc world news america." and still to come on tonight's program, love and marriage takes centerstage in new york where gay couples are legal to wed. but it's the economy which could also turn out to be a big winner. >> the family of british senior amy winehouse have thanked her fans for the support they've received since her death on saturday. >> tributes, quiet reflection. eileen had met amy winehouse many times out and about in camden. >> 27 years old. so sad. >> a multi-million selling artist, winner of
, to the red, white, and blue. in the big apple and elsewhere, the day will end with the usual bursts of color, lighting the night sky-- a once-a-year moment, cherished by millions. but, in some places, this year, the sky will be silent. raging wildfires and dry weather in arizona, new mexico, and texas have forced authorities to cancel fourth of july fireworks in certain areas. >> a lot of people are going to be really disappointed, i thinkç >> woodruff: the patriotic spirit isn't felt only in the united states. these u.s. soldiers stationed in southeastern afghanistan held a flag raising ceremony to commemorate the 4th. and at kandahar airfield general david petraeus spent his last independence day as commander of u.s. and nato forces in afghanistan, with the troops. petraeus set to take up his new job as c.i.a. director later this year, today administered the oath of re-enlistment to 235 service members.çç >> you can really feel the honor, especially when you get a general like general petreas come down and do it for us. it makes it really feel a lot more important to me. it'll be nice
. but it remains to be seen whether there will be a big enough reduction in great that for that to happen, and whether they have managed to build a fire wall around greece. >> do you think this deal is just another sticking plaster? >> i think it will be difficult for this deal completely to save greece. it is not clear, because we are not seeing all the details. the reduction in debt that private debt holders are expected to take is not that big. it is a reduction of 20% in the net present value. unless the official debt is good to come in with gigantic amounts of money -- greece is going to still have a giant debt burden. it is difficult because the greek growth rate is not high and the government has trouble collecting taxes. unless greece suddenly becomes much more productive and competitive, it is likely they will have to come back and do another debt reduction further down . >> is this bailout ultimately political by leaders who want to save the eurozone, red and economic? >> when it comes to saving the eurozone, the two are intertwined. you could be more cynical and say it is to do
that could also come out a big winner. the family of the british singer has thank herwinehouse fans -- has thanked her fans. >> flowers and a tribute. many around here had met her out and about in camden. >> so sad. >> a multimillion-dollar selling artist, it winner of five grammy awards, she had had lunch with her mother, janice, on thursday. have, janice and amy's dad come to the shrine. >> it is making it a lot easier for us. i knew this was about one thing, and that was love. >> among the group, her manager, her boyfriend, those that had lived with the ups and downs, the successes and addictions, but this was unexpected. this was a -- there had been no signs of crisis. she had been seen by a doctor on friday night. the last person to speak to her was a security guard on saturday morning. saturday afternoon, they were unable to wake her. today's post mortem was inconclusive. more tests were needed. but hers -- her friend russell brand said he had long feared the worst as his wife, kate. , explained. >> when you know someone who is dealing with addiction, you dread that phone call. >> it
people about the health care crisis? >> that's a big question, and i would say what i learned and again many interviews. is a lot of the disparity of who gets what. and the gap between rich and poor is bigger than ever. and if you have a lot of resources, fantastic things can happen to you, and if you don't, you probably won't get that chance. and what i learned about america, and it would be impossible to think of it as a person. but what i see recurring, that hope is something that is a part of the american personality. this belief that things will be better and that we can make it better. tavis: hope even about an issue as contentious as health care, and i ask that when the debate was so ugly, and now that we pass it and don't know how much congress will try to roll back what happened. let me ask you what the debate as we sit here today? >> i don't think that the debate is helpful, and they should be but this one isn't. and the democrats admit when it first got rolled out it wasn't explained well. and i think that the debate is causing more confusion, and now i will make my plug for
every problem. that created problems for him. >> this is for the big attacks, like suicide attacks. are two major suicide attacks on me -- on my office -- there were two major suicide attacks me -oe -- on my office. >> are they still happening? >> taliban pou >> he came under fire from his allies -- taliban. >> he came under fire from his allies, too. there are reports that you support the taliban. >> that is in the past. >> never he did, -- whatever he did, ahmad wali was the point man for the allied forces. >> for more on the power vacuum the assassination leaves, i am joined by david ignatius. thank you for joining us. with ahmad wali karzai gone, who will fill his shoes? >> we do not know yet. the key strong man in this area of kandahar has been ahmad wali karzai. he said that wali karzai, who has been such a problem for the u.s. and coalition -- a corrupt or lower, -- corrup warlord -t d -- with him gone, they will look for somebody else, but it is not likely they can fill the role quickly. >> why did he say they worked too closely -- he worked to closely with the taliban? >>
fetched. the big guns of the socialist party have that out today in force. we have had the former prime minister say that he could win the presidency if they could get him out of court. we don't know how and when they will free him. this is an extraordinary turn in development. the will put their name forward for next year. i think that most critics who were watching thought it was an uninspiring list of performances. they did not have the killer instinct that dominique strauss- kahn has, the persona, the international standing. if he could be rehabilitated, he is worth the gamble. >> the french public for fear is about the way he was treated early on. >> not just with the american justice system but with the way the american media treated it. some of the headlines read, "frog-legs it." many people thought this was some sort of plot to bring down the leading socialist candidate. there are a good many people here who are pleased with the outcome of this and that has been echoed by the socialist party. there are many people are appalled and it is noticeable that many women have come forwa
planet. >> you hear about alternatives, right? wind, solar, algae. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: much talk, but little movement: the high-stakes debt and deficit impasse continued today, and last night's dueling primetime speeches by president obama and speaker boehner only seemed to reinforce the bitter stalemate over raising the country's borrowing limit. newshour congressional correspondent kwame holman begins our coverage. >> reporter: it was house speaker john boehner who had the last word
brings another startling turn in this story. todas big turn was the dpe sigs by rupert and james murdoch james being his son and head of his british operations, to do 180-degree turn raer late in the day and having told the parliamentary committee that's going to hold a hearing on tuesday that they would not attend james murdoch saying ther loosely "i can't make it that day, i'll make it some other day. they then... summons were issued by the parliamentary committee which had fairly serious implications and they changed their minds. so we now know that come tuesday we will have the three principal executives that are in the frame on all of which, which is rurplt himself, his son, and rebek brooks who is the chief executive as you know of the murdoch subsidiary here in london being called to testify before parliament. catherine, where do you think the next term is in this story? >> well, john said it'saken a different turner. it's taking so many differen turns everyday that that's a really difficult questio i think that it is likely for the moment to stay focused on news international bec
on the show time series the big c. here's a look at that series. >> the doctor. oh, pardon me, sir. dr. sherman, hi. my name's kathy. >> i'm the nurse. >> you're not a drug rap, are you? >> no, no, i'm not. i'm a dying woman who is trying to see the right doctor and ask him if he s any advice on how to save my life. the best i can do is spend the last two hours a day on hold from your office to find out if anyone's canceled. that's not okay. >> i'm going to asyou to leave. >> i will not leave. >> charlie: the big c is currently airing on show time mondays at 10:30 p.m. i'm pleased to have laura lean -- laura linney back at this table. >> thank you, charlie. >> charlie: when you look at that, what do you think? >> it's a weird, you know sort of tapestry of what you feel and i always feel slightly embarrassed when i look at myself. >> charlie: really? you don't look at this clinically and say i can't wait to have somebody watch it. >> i also good off camera. i give performances off camera to people who would never -- i mean, on camera i try my best. but there's, the further i get awa
big it's sapping the drive out of people and keeping the government fromming from full capacity. the solution is not complicated. if you're spending more than your taking in you need to spe less of. there's no symptom more menacing than our debt and we begin to liberate our economy and our future. charlie: we'll are have much more on the story tomorrow from new york and washington. also this evening phil mickelson. the great golfer stops to talk about higame and passions. >> i play my best when i'm challenged. the more challenging the shot the better i pull it off so i have to challenge myself. i can't hit a seven-iron lay-up shot if i can reach it way hybrid or three-wood i have to challenge myse. >> charlie: we conclud the evening with steve carell and the new film "crazy, stupid love." >> when people try to be funny it doesn't necessarily work that way you play it honestly and it evolves by that and by the same token if an actor is known for comedic work goes to do a drama you don't have to walk around with a frown on your face because you're on a drama. people don't know in
decimates the economy, then obama would be a big loser. >> rose: also this evening a conversation with paul krugman and david brooks th columnists at the "new york times". this conversation took pla before the president's press conference and therefore was edited accordingly. >> whave no consensus in our political system. there is no center. we have no consensus about what all to be happening. so if you try to strike a lo-term deal you're basically stking a deal that nobody actually beeves and that isot going to be adhered to. i think we buy we buy se time. shouldn't be negotiating at all about the debt ceiling but we buy someime and give the voters another chance to weigh in. >> we really need to cut i think some of the rating agencies have said this, we need to cut $4 trillion to sort of stabilize debt levels and if we don't do that that's really bad news. and then the second thing i do think both parties may find it useful to have a framework. no, we're to the going to write a plan that is going to dictate the next ten years of politics but both parties may find it extremely useful to ha
. and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without precedent in my lifetime or yours. the united st
. senior citizens will take some hits. there will be -- education will take big hits with the pell grants. to achieve the so-called cuts they are talking about would mean that a lot of people could be severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched, still living subsidies in for the oil companies untouched. everything to the poor folks and middle-class folks, they bear the brunt of it. >> met monday this week -- "my view is we should have a president who agrees to cut, cap, and balance the budget" -- mitt romney. >> he does not want to get too far out on a limb in the spirit in the grand bargain, there were revenue increases, closing loopholes that nobody wants to defend, except for grover norquist, who is having an incredible amount of power in this debate. there's a counter intuitive thing here. you have to spend some to get out of
to be rescued. >> i was sleeping and heard a big sound. >> i suddenly heard a strange sound, like a large trade explosion sound, so i walked outside. -- like a large trade explosion. -- train explosion. >> they are calling it the worst rain in a century. hundreds of thousands -- hundreds of houses flooded. rhodes often impossible to accept with the health of rescue teams -- roads often impossible to pass except with the help of rescue teams. lucy williamson, bbc news, seoul, korea. >> tomorrow in london, more than 1000 british veterans who were exposed to nuclear testing in the 1950's and lost their case for damages will be hoping the supreme court will give them permission to appeal. the elderly veterans believe there ill health is due to exposure during the tests, but the ministry of defence has contested that claims since 2004. our correspondent reports. >> not until 10 seconds and could anybody in look. so intense was the man made sun that people miles away with their back turns and hands over their eyes are aware of its fantastic brilliance. >> basically, we had no protection, no warning.
Search Results 0 to 49 of about 93 (some duplicates have been removed)